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Oracle 1z0-1081-23 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A. Account
B. View
C. Movement
D. Consolidation

Question 2

Which statement is FALSE about running consolidations?

A. When you consolidate a parent, children with the Impacted calculation status are also consolidated.
B. When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
C. When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
D. Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.

Question 3

Which statement correctly describes what happens to parent entities during consolidation?

A. For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
B. Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
C. The changes in the relational database are synced to the underlying Essbase cube.
D. Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities

Question 4

When do you enable submission phases for your approval process?

A. When you set the member properties for the entity
B. When you assign the approval unit hierarchy to a scenario, period, and year
C. When you start the approval process for an approval unit on the Manage Approvals page
D. When you set up the approval unit hierarchy

Question 5

Which statement is FALSE about Task Manager schedules?

A. Users can still complete tasks in a schedule that has been closed.
B. To start all the tasks in a schedule, you must change the status from Pending to Open.
C. You can re-open a schedule that has been locked.
D. You can still add tasks to a schedule that has been closed.

Solutions: